Rolled and next thing i knew we were pushing out the emergency exit and i was outside and there were people screaming and bleeding and we helped them out and theyre okay now. 7 train cars flew off the track. Some cars ending up on their sides. Others landing mostly upright. Rail traffic between new york and philadelphia is shutdown today as the investigation continues. Philadelphia mayor said theres no way that Train Service is going through philly in the next week. Right. This is you know its always horrific and tragic to see this but we all take that train at some point. Its home to everybody. We go to d. C. A lot of us take the train. Yeah we choose the train over the airlines because generally youre far more certain to get there on time. Its nice. This was the regional. This was the northeast regional. Still. Still. Its huge and packed. Same track. We all go through there and baltimore. By far the most heavily travelled rail. This is inevitably going to raise questions about spending on infrastructure the finances. Old track. Old, old track. But amtrak had been sort of talking about how safe it had gotten to travel by train and this will definitely refocus the attention on safety. No doubt about it. Horrific. Could go up from five too. They have it for everybody on. 65 were treated at the hospitals. And theyre not sure they have accounted for everybody on board at this point. Its really a terrible tragedy. One that hits home for all of us here. Here are the big market stories were watching today. Three economic reports of note. April retail sales and import export prices at 8 30 eastern and then march business inventories at 10 00. Retail is a key sector to watch today. Well also get reports from macys. Ralph lauren is set to post Quarterly Results before the open and an activist battle brewing in delaware. Shareholders will decide on a battle between the company and nelson peltz. His management is pushing for four seats on the board. Talk about that in a second. Two of the components on the day today will feed into gdp so a better read on Second Quarter growth. Dennis lockhart said that Retail Consumer is going to be the key in whether or not to raise Interest Rates. Oh boy. Every economic thing we talk about hes going to give us all of this nuisance. Thats one of the benefits. Were going to get so far into it. The value. Whether its added or subtracted is entirely unclear. 603. 60345. How does the phillips curve play into any of this. Its absolutely essential. Is it ralph . You said lauren. I usually saw lauren. Its ralph lauren. Is it . Not that it matters. He made it up. I have the same trouble with donna karen. No. How do you know that . You really need to question when it comes to class and everything else. Hes not here today. You are now in charge. With you here im second in line. Ralph lauren. Like i said he made it up. It doesnt matter. Which did he decide on when he decided i needed a better name. Lets look at some of this mornings stocks to watch. Theyre terminating a safety trail of its obesity drug. The Cleveland Clinic was conducting the trial. It says the study is being halted because of an unauthorized release of trial data in march that may have compromised the integrity of the study and godaddy posting better than expected results. This is the first Quarterly Report since the company went public. Through yesterdays close the stock is up more than 33 since its first since its april 1st ipo and then American Express shares are getting a boost. Companies purchasing up to 150 million shares and increasing the dividend by 12 . I havent looked at whether thats a yield or not. Do you know . I always think we should put that in there. What . The current yield . Knowing it goes up 12 doesnt tell you anything. Especially in this environment. Prior to the boost yielding 1. 3 . Thats the amazing part. When you wake up in the morning and you can buy a 10 year treasury yield. And American Express. American express is yielding more why wouldnt you buy you can buy at t or pfizer. You get the yield and potentially the underlying asset appreciates as well. At t is 5. 5 . Pfizer stock is 3. 3 at this point but even General Electric yielding 3. 4 . I think its because the ten year is like your cv now. People use it to park cash. People that need to park cash. We can keep cash. Ill take my chances. But you wouldnt park your money overnight or over a week or a month in American Express. Youre not that concerned about it. They had a surprise about loss of principle in the last month or so but in general its a place where you might put it. Youre seekingly quiddity. Youre seeking liquidity. People pay to hold their money. Its an interesting question. We dont have to do that. We leave it where it is and we assume we can get tbills or something but you cant do that if youre an insurance company. You want to get really down in the weeds. No i warned about this. Theoretically central bankers want to get rid of cash. Right. Because cash inhibits their ability to reduce Interest Rates and make them negative because at some negative Interest Rate it pays you to take your money out of the bank and put it in to actual dollars. So theres a debate over that. To get rid of cash and to some total. I think thats basically vertex shares are jumping. They approved a drug that treats cystic fibrosis. Lets show you what the markets are doing this morning. The futures are suggesting the dow open higher by 72 points and nasdaq 25 and s p 500 by more than 8. Lets show you europe where we had government auctions and a lot of data out showing the gdp rates within the various countries there. Germany is higher by. 3 . Ftse higher by. 5 and greece is higher by 1. 6 . Thats more like an option than anything else. Hang seng and shanghai lower by. 5 . The price of oil is back above 62 now. 1 6135 for wti. Brent at 67. 30. The ten year yield, 2. 2 . Did we get up to 2. 3 . We did and the german bund which is not a cake. A bund cake. I never thought about it. Its different. Theres a t at the end of that. But that got up to about 75 again. The stock market moved again. The stocks turned around because they were down deeply in the morning and then came back and somebody was asking them what happened. I think thats what happened. The government borrowed money just this morning. Im trying to remember what the yield was but it was significant. It rises for first time in auction since 2014. Did you look at the dollar . Im getting to the dollar. The euro is going to cost you 1. 12. Pound will cost you 1. 56. So dollar is a mixed bag this morning and price of gold is higher by 1. 30. Lets get a check on the markets with gina sanchez. Shes the ceo and rich is president of steinberg global asset management. We have a lot of things that was talked about in terms of the fed. To me it looks like 2015 has been a year where the stock market is digesting an Inflection Point in the longterm Interest Rate picture and we have gotten nowhere. My real question is when rates finally do start going up will the resolution be higher from this trading range this year . Or will it be lower from where it is right now . Look i think that depends on why rates are going up. I think a lot of people are expecting that rate versus to go up because were expecting it. Its a credibility move. Et cetera et cetera et cetera. If that is the reason why rates go up and in fact the economy isnt Strong Enough to handle it it could be pretty ugly. Now if we start to see continued evidence of growth fuelling a rate hike thats a different story. We can look forward to better earnings. Earnings are actually okay this in fact they have been touted as good but if you look at sales theyre still tepid considering gas prices being as cheap as they have been despite recent rises in oil prices. It still hasnt fed through to sales. So its really hard to imagine a situation where youre seeing incredible growth rates and thats the reason were seeing a rate hike. You tell me. Youre the expert. You tell me. Are rates going to go up because the economy improves or because they go up in europe and we follow suit . Is it going to be for a good reason or bad reason . More likely than not theres going to be a credibility hike and its going to be as delayed as possible. Our expectation is the markets continue to go sideways. Particularly through the summer. Were heading into the summer now and rates continue to go sideways and in the fall we should start to hear whether or not were going to have a hike. Rich you havent made any money for your clients this year have you . Were up slightly this year joe but this is a year where were going to tread some water until we see where earnings go in 2016 analysts are at 134 versus 120 for this year and low gdp growth may be hard to get in the snp although were very happy with the action weve seen lately in the markets even with the back up in Interest Rates that the markets havent freaked out. And the key is if the markets continue to tick up here in the ten year which people dont use for Savings Rates then the markets will be okay. The fed will see it as doing a lot of the heavy lifting. I dont know what to think of the notion that if earnings improve a little that that absolutely means the stock market goes up. I dont know, everybody is saying that. All we need is a little bit of earnings growth. We get 5 earnings growth. We get 8 this year. I dont know. If the market at this point is already, you know trading on that anticipation or if its fed induced or whatever it is i dont think it translates exactly to a gain for 2015. I put you at 120 in earnings for this year. 17. 5 multiple. 2100 is the target. Well be stuck in this trading range and investors have to realize, thats okay. You know the road were not in a binary world. Easy for you to say. Youre managing the money. Easy for you to say. You want to keep their money. What do you think gina . Look i think that its going to be our call at the begin ofg the year that this is likely going to be a sideways year and that seems to be how its panning out. I think a lot of good news was already priced into the markets and so you know if in fact the best situation is that rates really go nowhere and we get maybe one hike and thats it that could actually be a goldilocks scenario but that doesnt push the stock market up. It probably lets it digest where it is. Its probably a little beyond fair value but not hideously beyond so it could survive. Im sure that janet yellen if she raises rates she would be she would sign on for flat in the stock market in 2015 i think. If she can just orchestrate that. If the punch bowl is taken away here and we end up in a flattish type of year it wouldnt be so bad and if you have a Dividend Strategy you end up with you know three or four percent yield it wouldnt be the end of the world. Excellent. Thank you rich and gina. Well see you both again soon. Why cant you you can be in florida and do this. See how he does it . Yeah great. Its warm all the time there. It is. Lets head to philadelphia. We want to get you the latest on the Train Derailment and start of the investigation. Adam is on the scene. Good morning, the mayor says we cant be sure that everyone has been accounted for so we have seen search dogs go in and hire men to rip through the metal of the train to see if there are still people inside. Were waiting on a crane to lift one car off the other. The train left the 30th street station in philadelphia about 9 15 last night. It made its way here at about 9 28. As it came on to the bend it derailed all 7 cars off of the tracks tracks. Passengers describing a chaotic scene. Suitcases and people flying around. One of the cars overturned was the club car. Might have been people standing up inside there. Theyll want to know what went wrong. The federal Railroad Administration will be coming here. Ntsb fbi, theyll be looking into the speed of the train. When were the brakes a applied. Theyll try to determine what went wrong. We know what happened but we dont know why. Back to you. Thank you. Well be watching this throughout the morning. Senate democrats delivering a major blow to president obamas trade agenda but this is a defeat or set back for the administrations Transpacific Partnership . John harang gets john harwood sat down with Mitch Mcconnell. Its almost been an out of body experience but i have been communicating with him a lot the last few days. If we had a republican president not a single democrat would vote for trade promotion authority. What i said is if we want the next republican president we hope will be sworn in less than two years from now to have a chance to do trade agreement with the rest of the world thats about this president. Give me a verbal diagram of how you get over the goal line. The white house is in charge of the democrats. Well have most of the republicans. I want to compliment the president. The way he took on the base. Elizabeth warren the labor unions. Are there a lot of democrats that think obamas right and youre right but are scared to vote that way. The unions have always been against trade bills. The question is how Many DemocratsPay Attention to them on a question like this. More of them seem to be paying attention than in the old days. For more of johns conversation with Mitch Mcconnell go to cnbc. Com. Coming up an american success story. A Small Business owner in harlem trying to make it big and shes a big star on our brand new future. Big hit on cnbc reality show that airs tonight. But first, heres a look back at this date in history. Ameriprise asked people a simple question can you keep your lifestyle in retirement . I dont want to think about the alternative. I dont even know how to answer that. I mean, no one knows how long their money is going to last. I try not to worry but you worry. What happens when your paychecks stop . Because everyone has retirement questions. Ameriprise created the exclusive confident retirement approach. To get the real answers you need. Start building your confident retirement today. You make more money from that bar than cooking and or baking. Thats a great idea. What are we talking about in terms of numbers . Its going to cost about 310,000. Something like that. The steel costs a lot of money. The steel. They have to move the electric and put the steel in. The idea of taking next door and making it into a lounge which connects into my existing restaurant is a great one but when i hear breaking down walls these are things a sweet shop wouldnt necessarily require. So ultimately its going to come down to which one am i going to make the most money from. Thats a clip from the premiere of cnbcs consumed. The realest rant business in its new primetime show which premieres tonight. Melbas is looking for new ways to go. Joining us now is melba wilson. Good to have you here. Thank you for having me. I love that clip. The ultimate question for a Business Owner, how do you get the best return on capital. What decision did you make there. Its all about roi. My money is what i call mattress money. I didnt have a lot of money starting out in this industry. I saved my money for years, literally underneath my mattress. What did you have like 100,000 in the mattress. Yeah. Thats crazy. Was it comfortable . I had a good mattress. I would put it under my mattress before i put it in a negative yield instrument. I learned from watching you guys early in the morning. Obviously not if youre putting it in your mattress. She started a restaurant. She invested it. I read in the i havent seen the whole episode but im dying to see it. I read that one of the struggles you faced is do you bring in a partner who then brings you money and know how but then you have to give up some control which is always the dilemma you face as a Business Owner . Totally. Its a struggle because ive owned melbas now for ten years. This is my ten Year Anniversary however id like to have a little bit of a life so bringing in a partner may not be a bad idea but do i want to give up control. We have to watch tonight and see what happens. Where are you going from here . Ten restaurants . New york city chain . National dream . Its all about branding and merchandising for me. Im a single mom with a 15yearold son, born and raised here in harlem and im living the American Dream. For me its about eat or be eaten and im ready to eat. Does new york city make it hard or easy to be a Business Owner. New york city truly does . Hard ore easy. Harder. Because everything we do here is under such a microscope and its the rest ran business. Its one of the toughest businesses out there so to be able to survive in the Restaurant Industry in new york. Because this city is an entertainment business. People go out for entertainment. Its what they do for hanging out with friends. The competition is brutal. The competition is brutal and again you have to eat or be eaten. So its all about the service. Its all about the food and its all about the fair. Its about the entertainment. Can you talk about that part of town where you are. That changed a lot in my lifetime and even in the last ten years. How does that work toward or against your business. In 2004 i was the only restaurant on 8th avenue. Amazing. But being born bread and buttered in harlem its all about having vision and if not me who and if not now, when . But now its the hot place for restaurants. That whole strip up there is a place you want to see and be seen going out to dinner. Youre 100 correct. We have everything from ethiopian food. It is definitely the new restaurant place. Its a great story. Its a great story. We cant wait to see the show tonight. We wish you the best of luck. You brought us something. I brought you my homemade sweet potato pie. Nothing goes better with coffee than my sweet potato pie with whipped cream on top. There is nothing that whipped cream done make better. Is there anything it would hurt . Not much. I dont think there is. Thank you. I think y